Kilimo Salama: Syngenta Foundation


Country: Kenya, Country: Rwanda



Problem: Traditional agricultural insurance is too expensive for most farmers.
 
Solution: A weather index insurance uses proxies to estimate farm losses while payouts are calculated automatically and sent via mobile phone to a farmer’s “mobile wallet.” No claims, no farm visits.
 
Impact:  100,000 insured farmers in Kenya and Rwanda increased annual income by 16% and invested 20% more in their farms than uninsured neighbors.

Olga Speckhardt and Enock Sing’oei accept The Flextronics Economic Development Award from David Mark, Chief Strategy Officer, Flextronics

Olga Speckhardt and Enock Sing’oei accept The Flextronics Economic Development Award from David Mark, Chief Strategy Officer, Flextronics

Stanford Social Innovation - Laureates Podcast